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today in what could be the last chance to come talk before the u.s. falls off the fiscal cliff next week. >>> investors are bracing for the final eurozone bond sale of the year. italy will sell up to 6 billion later today. >> and the yen has been sent lower and stocks to their highest level in 21 months. >>> this is the final "worldwide exchange" from london of the year. louisa is here for it. >> i can't believe it. it's my last working day of the year, as well. >> is it? >> yes. >> unfortunately we'll still be talking about the same thing we're talking about now. >> although i feel we'll be talking more debt ceiling, as well. >> and speaking of which, president obama is trying a last ditch effort to restart budget talks days before the u.s. goes over the fiscal cliff. speaker john boehner has called the house back into session sunday evening. house majority leader eric cantor is telling his members to be prepared to work through january 2nd. both sides are still far apart on taxes and spending cuts. harry reid says prospect deals by monday are unlikely. minority leader mitch mcconnell s
finds. we see falling u.s. demand, rising supply. we see miles driven. there's technology at play. probably the biggest thing that could happen to the auto industry and we can come on to that. that's only a few years out. the message from the futures market that we're get sg oil should be some $10 to $15 lower. if we were to get $10 off the oil price, it broadly equate toes about 1% gdp surprising the western world. it's that time of year where we're pending our thoughts to next year. tangible, economic prices to next year. it will be oil related, a chance, good job with raising the tax threshold in the uk. that means for the first year in five. uk link will be up, not down. and them i also think thattory thing our chancellor did a good job of was she raised taxes by 10 so companies can invest a 215 pounds, not just 200 pounds. >> that's a leverage the other governments have been trying to pull. but your point is interesting. it's not just the uk we were seeing there. and it goes back to the point you were making about oil. u.s. retail gas prices are down 16% since their peak this
to u.s. exporters may be showing signs of stabilizing, maybe get to growth. so that might mean moderation in the eurozone might ease in the first quarter. but again, this is all dependent on what happens with that ongoing debt crisis and any step back in resolving that would obviously have a knock-on effect to the economy. >> i'm wondering whether germany as we look at -- they're just above sort of recession territory at the moment. i'm wondering whether if they get better growth out of asia, that will offset the weakness that they're seeing in europe enough to keep them above the pencil line. >> what we've seen so far with today's numbers is exports are declining very sharp. they'll need asia and the u.s. to offset some of that demand weakness, but again, the biggest market for most is the euro zone. if the eurozone is performing badly, that will have a thok-on effect for those countries. >> there's a number of strategists saying after the u.s. has sort of led equities for most of the year, they're now saying europe is the place to be. from i think really the question you have
of just 2.5% in the u.s., 1.5% in canada and zero growth in the uk. locally, cutbacks in government spending weighed on the numbers and lower commodity prices also impacted on cash flow and the government is facing more criticism about its effort to keep the budget in surplus while the economy grows. >> the government has had the objective of making sure that we would bring our budget back to surplus when growth has been around trend. what we've been seeking to do through good budget policy has been to provide maximum flexibility to the reserve bank to a just rate so. the government will always put in place appropriate budget settings which will support growth and jobs. >> still, analysts say growth could slow further as the mining investment boom peaks. yesterday, the bank of australia cut interest rates to a record low of 3% and traders are looking further easing next year to offset the falling talks of trade, the high australian daughter and further cutbacks in government spending. >> despite that prognosis for rates and the fact that we're now matching the record lows here, the
u.s. citizens from adopting russian children. the decision raising tensions between the two countries, seen for retaliation for a new law in the u.s. that seeks to punish russians for human rights violations. the ban will take effect on january 1st, that's really right away it would halt all new adoptions and end those already in progress. incredible. a lot of families in the process of adopting children in russia. >> those poor kids. >>> want to move on to the weather. lots of snow, wind, hail everywhere across the u.s. the storm that brought snow and spun off tornadoes is still not over. ten deaths blamed on the storm. more than 2,400 flights have been canceled. it could dump more snow on new england and upstate new york today. boy, they don't need that. bonnie schneider with a look at the forecast. good morning. >> good morning. the storm we've been talking about is working its way to extreme northeastern new england. it is hitting canada hard. quebec is getting more snow. i mentioned yesterday that cold air would come in behind the system. it sure has. scranton at 26. be
head-on way than most countries. >> rose: including the united states? >> well, i think in the u.s. -- obviously you've got your own decisions to make about your fiscal problems and your issues and obviously your president and congress are engaging in that at the moment. but in the u.k. we have done that, we have got ahead of the curve and you can see in measures, for example, of how competitive the economies are, the you can is steadily becoming more and more competitive. >> rose: there's also this, the united states is engaged in this great debate that's going on in the white house with speaker of the house john boehner and the president of the united states, barack obama. what would be the optimal outcome of that debate as you look at it as a man who's dealing with the same kinds of problems? >> i'd say two things. one is we do need a resolution of this problem. i think the most immediate short-term problem facing the world economy-- i stress the word short term" is the u.s. fiscal cliff. i think if that is not resolved that is going to cause considerable problem for the world a
and also argue their case to the american people from here at the u.s. capitol. but unified they say ultimately they will come back sunday afternoon and be available sunday evening for possible votes. votes. that is does 30 as we get mighty close to the fiscal cliff. harris? >> harris: mike emanuel thank you very much. more coming up on the get-together tomorrow at the white house whether it will be or not to try to work out a solution. that is coming up at the bottom of the hour. >>> the stubborn winter storm sticking around across much of the nation's eastern half. the same weather system that slammed the south and dumped know snow on the midwest bringing misery to the northeast and new england. causing new trouble for post holiday travelers. an american airlines plane ended up stranded on a snow. >> tarmac in pittsburgh. just outside new york city a southwest jet got stuck in the mud after skidding off the runway. in some of the hardest hit area the roads are even worse. >> i lost count of number of cars in the ditch. a jackknifed tractor trailer and a horse trailer turned over. >
target. talks about the level of u.s. production, rivalries between iran and saudi arabia, and a new secretary general could get heated. >>> italy likely to see a strong uptai uptake thanks to supply reductions before year end. >>> and let's twist again. the fed set to announce a fresh around of bond purchases to match the outgoing twist program at the end of the year. >>> the international community blasts north korea after it successfully launches a long-range rocket, prompting an emergency u.n. security council meeting. >>> all right. a very good morning to you. we are going to be on to opec later. we've got the latest i.a. data out this morning. they're saying global oil demand projected around 90.5 million barrels a day. more than forecast. they say non-opec production bouncing back. an something bit. they're saying opec crude supply inched up in november led by higher output from saudi arabia. >> i think we'll have to call this today the case of the two oil reports. we have the opec report that they put out ahead of the meeting showing different figures from what the iea is say
:20. and the outlook for u.s. credit market appears less rose city. we'll speak to a moody's analyst that says high duration credit could be badly exposed. the european central bank is announcing either monetary policy decisions later today. economists expect ecb to stay pat on rates. its revised down its forecasts in 2013. hot on the heels from her stint in brusselss, silvia has moved back to frankfurt and the ecb headquarters. how more pessimistic might they be today in their forecasts. >> that's the big question. if they get too clee to the zero for the forecast next year, anything below let's say 0.4, 0.3 would be considered a little bit more bearish and that would of course increase the chances or risks whatever you want to look at it for further rate cut somewhere down the pike early next year, maybe january or february. the consensus for today is as you said no change on rates. remember a month ago, there were many calling for rate cut this month, but that seems to have receded right now. maybe also because the data we see out of the eurozone is rather mixed. everybody quite agrees that foir
. >>> in the u.s. firearm homicide rates are 19 times higher than the other high-income industrialized countries according to the brady campaign. national correspondent kyung law compares her years of reporting in japan where there's almost no gun violence. >> reporter: i moved back to the u.s. this summer. for the last five years i lived in japan as cnn's tokyo correspondent. in that entire time i never covered a shooting. there weren't any. this is my third mass shooting i've covered in just six months. >> she's on the scene for us at that apartment complex. she has more on this part of the investigation. >> reporter: in this brief time i've heard this question again and again by those victimized, most recently from a frustrated newtown resident. >> why are we so different from so many other industrialized countries that have so little gun violence, and we are just -- what makes us so different? s why is that? >> i don't have the answer. i can compare japan and u.s. in japan there are no guns. it's the safest place i've lived. here in the u.s. gun ownership is considered normal. 40% of america
leak in u.s. history. remember private bradley manning and all of those government secrets that ended up on the internet? now what his defense team wants you to know. stay close. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. well, with the walmart credit card special financing offer, you can get the sony blu-ray home theater system with wi-fi and the high zoom cyber-shot camera with full hd. look at you, spreading some christmas joy! my cart's kinda full. mind holding the? sure. you know what, muscle man, me and you together, we can knock this christmas thing out. this way, sweetie. [ male announcer ] get the season's hottest br
that divides russian society. but make no mistake, it is a power play. it's a response to that u.s. act, as you mentioned, a law signed by obama a couple of weeks ago intended to penalize, sanction russian officials connected with this particular custody case and this tax evasion case in russia. >> so matthew, this law would go into effect january 1st. is there any chance that those cases that are pending where the paperwork is finalized and where people are expecting their children, essentially, in a month or two would be allowed to go through? >> well, there is a question mark hanging over those. there are 52 children, according to the kremlin, that are in the middle of this adoption process with u.s. parents. the law, as you say, starts on january the 1st, but it's only a couple of days until then. so unless that can be finalized, my expectation is that that will be put on hold and indeed that's what russian officials are saying, that they don't think this law has been enacted from january the 1st, these children should be allowed to go to the united states. instead there's been a call for r
on a rampage at a sikh temple. u.s. army veteran wade michael page. after shooting one police officer multiple times -- page was shot and killed by another officer. number eight, the massacre in khandahar province. >> the united states takes this as seriously as if it was our own citizens and our own children who were murdered. >> the accused gunman, robert bailes. bailes left his afghanistan outpost on a night back in march and single handedly attacked two villages. opening fire and killing 16 afghan civilians in their homes and wounding six others. number seven, striking a deal in the shooting that struck a blow to the nation. >> the man who shot congresswoman gabrielle giffords and killed six people in a ra rampage in tucson last year pleaded guilty to 19 charges. >> jared loughner was sentenced to seven consecutive life terms and 140 years. his guilty plea means he will avoid the death penalty. chicago's murder rate surged to levels not seen in almost a decade. >> it's just not the gang bangers. right now, innocent kids and women are being shot on a daily basis. >> averaging more than a mu
for the presidential race. walker won the first governor in u.s. history to survive a recall election. and another nod to a republican governor. >> i cannot thank the president enough for his personal concern and compassion for our state and for the people of our state. >> reporter: new jersey governor chris christie's full-on embrace of president obama for helping sandy-ravaged new jersey came days before the election and had no noticeable effect on the presidential race, but some republicans think christie didn't have to be that efuse sieve. they'll remember if his name pops up in 2016. >> if it's a legitimate rape, the female body has ways to try to shut that whole thing down. >> reporter: from the say what category of entries comes a combo team, missouri senate candidate todd akin and richard murdoch of indiana. >> life is that gift from god, and i think even when life begins in that horrible situation of rape, that it is something that god intended to happen. >> republican dreams to take control of the senate in 2012 had dwipdalled throughout the year, but akin and maur dock pretty much shut that
. that is a scathing conclusion of an independent review board investigating the deadly september 11th attack at the u.s. consulate in benghazi. ambassador chris stevens and three other americans were killed that day. the panel finding security in benghazi was grossly inadequate to cope with the attack, that washington ignored repeated requests to beef up personnel, and ultimately a lack of transparency, responsiveness and leadership senior levels both this washington and in libya. alise, what do you make of this report. a lot of these findings we've been talking about for a very long time. >> that's right, but also in the last few months, there's been so much politicization of this attack, especially with these talking points and the whole issue of susan rice, ambassador susan rice and what she said about whether there was a protest. this report didn't find that there was a protest, but it also kind of really is the first look at what went wrong, a kind of very sobering look i'd say of what went wrong. and they said that basically the state department and the embassy in libya kind of missed the warning
assignment as kmanltder in chief of u.s. central command. he was 78 years old. teresa garcia, cbs news. >> former president george h.w. bush who built the coalition against iraq said general schwarzkopf epitomized the duty, service, country. more than that, he was a good and decent man and a dear friend. by the way, former president bush remains in a houston hospital and is likely to be there for a while according to a spokeswoman. he's been in intensive care since sunday and his doctors say he's dealing with a persistent fever. he was hospitalized more than a month ago with a case of bronchitis. his spokeswoman said he's getting excellent treatment and advises everyone to, quote, put the harps back in the sclos it. >>> overseas the state department closed up. rebel forces have taken up several cities and are advancing on the capital. they're search-rich and is a former french colony. they say the government is not honoring a cease five including release of political leaders. >> back in the u.s., the storm has come and gone and at least 16 deaths are blamed on the weather. in hard-hit
have a say how the u.s. deals with illegal immigration? we'll talk to arizona attorney general tom thorn, he weighs in on the ongoing legal battle. >> jamie: plus, a defiant act against president obama's health care law. an update on the u.s. company facing millions of dollars in fines for refusing to comply. >> kelly: and taking a stand in the wake of the tragic school shooting massacre at sandy hook elementary. what some teachers are doing to make their classrooms safer. >> i think that a lot of people have a fear of guns and of what they can do, but i think also that maybe they're not quite educated, that sometimes the only thing we'll talk about is a good guy with a gun. >> and welcome back, everyone, we're following a major challenge to the president's health care law, the arts and crafts chain hobby lobby now saying it will not pro he vied workers with health plans that cover the morning after pill. even though the new health care law requires it. this, after the supreme court refused the christian-owned company's request for an exemption this week. the decision could cost t
minutes from now. >>> u.s. senator michael crapo s says he's deeply sorry for driving under the influence of alcohol. the republican who is also a mormon was pulled over, tested and arrested after running a red light early yesterday morning in virginia. he says he made a mistake and deal with whatever penalty he is given. >>> the u.s. navy seals are again mourning the loss of one of their own. a military official tells cnn that commander job price died of a self-inflicted gunshot wound. price was a commander officer of seal team 4, that's the unit with more than two dozen members that operates in central afghanistan. the official says there's no indication at this point that price was under any investigation or involved in any controversies. >>> former republican senator chuck hagel has not been nominated as defense secretary, but members of his own party already signaling an uphill confirmation battle if he is. barbara star has more on in surprising backlash. good morning to you. i think a lot of people thought after susan rice's nomination for secretary of state went away and everybody
, new debates today about gun control and domestic violence. you'll hear both. but first, the u.s. has long believed syria has a huge stockpile of chemical weapons. now new concerns that chemical arsenal is on the move. secretary of state hillary clinton today issuing another stern warning against syria, using these weapons. the syrian foreign ministry quick to respond here saying it would not use chemical weapons against its people if it had any, but this announcement as turkey is sending warplanes to its border with syria after the syrian military bombed a nearby town of ras al-ain. you can hear that and see the smoke. this is the turkish side of the border. this is fueling more fears that more of syria's violence will spill into its neighbor to the north, being turkey. security concerns are prompting the u.n. to announce it is pulling nonessential personnel out of syria. want to bring in fran townsend, our cnn national security contributor and member of the cia external advisory committee. and, fran, good to see you. let's talk about these chemical weapons because we know that in th
that a red line, and the u.s. would have to get involved if bashar al-assad were to do that. do you think that the u.s. stance is the same today? >> well, i think it is, allison, and it's getting very critical because with damascus being surrounded, or about to be surrounded, the potential, the airport as was just reported, that that may be put out of business, bashar al-assad is getting desperate and he may go to his last option which would be chemical weapons, sarin gas. we have good intelligence that they are loading up aircraft. they have moved the munition -gs from thmahmoudijah admonitions from the eug lieu igloos, where they are stored. it's a very difficult situation. nato leading from the front must get involved. we cannot let those weapons get in the hands of hezbollah, hamas, al-qaida. >> reporter: if the u.s. were to get involved ornate tow, what would that look like? >> i would not have a large footprint as you've heard some people in the pentagon say 75,000 troops. i think we can use a smaller footprint, use air power, put a no-fly zone over syria, go in and seize those. the
, a very effective part of the team. >> susan rice, the u.s. ambassador to the u.n. as seen as potentially the top pick for that post and you have john kerry who has wanted it for quite some time. how did they manage to finesse that? >> reporter: well, i would put it this way, my reporting is that there were two people being considered for the post, two people being vetted and they were susan rice and senator kerry and the president was, as you know, fiercely defensive of her once she came under attack and didn't want her name or her record to be tarnished in any way. as soon as that became -- it mushroomed on the hill and that became too much of an obstacle and an overwhelming challenge and once she withdrew her name it was very clear that it was only john kerry. senator kerry has been a foregone conclusion since she withdrew her name last week and it was just a matter of time until the president made this announcement, suzanne. >> finally, massachusetts, of course, the senate seat there. it looks like republicans really wanted to see john kerry as the potential pick here because they cou
to continue to be an outstanding u.s. ambassador to the united nations. i hadn't made a decision about who would be my next secretary of state. there's no doubt that susan was qualified. there are other people who are qualified as well. her interest is in serving me but most importantly serving the country. and she's done an outstanding job. i could not be prouder with her. she will continue to be one of the top members of my national security team. >> we talked about the next choice. it's interesting to watch the dominos fall. a lot of people saying john kerry now is the choice. all these same senate republicans who were challenging susan rice said john kerry will breeze through. it will be an easy confirmation. then that opens up a senate seat in massachusetts. could scott brown come back? this opens up a whole new series of conversations. >> to andrea's last point, you kind of wonder if it's only six weeks after a very, very resounding win in the election and obama was not pounding his fist standing strong, you wonder what the next four years will be. >> he was angry. >> he could wen a
of the economy. the average number of people in the u.s. seeking unemployment benefits over the past month fell to the lowest level since march of 2008. it's a sign that the job market may be healing. the report included a caveat though for the latest week. president obama declared monday a holiday for federal workers and many state offices followed suit and were unable to provide complete data for last week's jobless claims. gregg: well a very important ruling over the so-called contraceptive mandate in the health care law. the u.s. supreme court has denied accident -- the request by the christian owned hobby lobby, for a requirement to provide contraception coverage and the fines that come with that if the company does not comply. jonah goldberg, editor-at-large at "national review" and fox news contributor. jonah, what do you make of the supreme court saying, we don't want to decide this? >> yeah, sort of a more complicated story. it was really justice sotomayor as the justice who oversees the 10th service denying request for injunction to basically stop the law being implemented for the hob
that the u.s. is trying to talk to. the fbi was allowed to speak to him. he doesn't have anything to say to u.s. officials. >> didn't have anything to say. we sure keep pressing at the police department. thank you for that. it is an honor given to very few americans. long time senator daniel inouye of hawaii lying in state in the capitol rotunda. he died on monday at the age of 88. inouye represented hawaii in washington since it became a state back in 1959, so his half century tenure makes him the second longest serving senator in history. harry reid paying respects. >> although senator inouye was a progressive democrat, he put his country first and party second. dan was a vibrant and vital presence in the senate and in death will remain a legend. his last words on earth, aloha. it is with a heavy heart that i and we bit alloy ha, goodbye, i love you, to a friend and legend of the senate, daniel kent inouye. >> as a japanese-american soldier he lost his right arm and received the medal of honor. only 31 people have lane in the capitol rotunda. the last was gerald ford about six years ago. >> a
: if the regime crumbles, the u.s. fears the weapons could be transferred to hezbollah or fall into groups like al qaeda. knowing what you do about the facilities, the security, do you worry that these weapons will fall into the wrong hands? yes, he said. there's an extremely big concern they'll fall into other hands. he said he was interviewed by the cia when he left syria. now he's pleading for money and weapons from the u.s. so he can lead a brigade of fighters back into syria to secure those sites. alex marquardt, abc news, on the turkey-syria border. >> the major general gave an interview back in september. so several weeks back and says during his time there, we were in a serious discussion about the use of chemical weapons, including how we would use them and in what areas. we discussed this as a last resort. such as if the regime lost control of important areas such as aleppo. so not that we have them, but details have been discussed. >> he's the second in charge. he says that assad's forces are already spraying pesticides and dropping white phosphorous. claims that were also made by the o
, brian. they were some of the most popular presidents in u.s. history and all elected to a second term. but it couldn't save them from the dreaded second term curse. it dated back to 1936 when president roosevelt won 46 out of 48 states. he used those results in an attempt to shake up the supreme court and that tarnished his reputation. fast forward to 1984. president reagan's economic recovery turned 49 of the 50 states red. the inran contraservice surface americans didn't like being kept in the dark . then the scandal impossible to forget. >> i want you to listen to me. i will say it again. i did not have sexual relations with that woman: >> gretchen: nick is a presidential historian and author of the book presidential leadership. decisions that changed the nation and he's my guest this morning. >> morning, gretchen. >> gretchen: looking back in history president obama is now reelected to the second term. what do we suspect about the curse. >> it is an interesting topic it is difficult . going all the way back to wilson and league of nation . fdr and truman got run out of office . th
. they are looking into whether a powerful snowstorm may be to the blame. >> thousands of firefighters across the u.s. and canada are traveling to western new york to attend the memorial services for two fallen heroes. they were shot and killed on crime eve. the shooter killed himself at scene and had served 17 years in prison for killing his mother. a woman allegedly helped purchase the weapon. the community is coming together that all the visiting firefighters have a place to stay. many of them will be staying at hampton inn there for free. >> gregg: new developments in the investigation of a subway shoving death in new york city. police saying a woman is in custody after she made statements implicating herself. investigators released this sketch after the incident. they say the victim died thursday night when a woman pushed him on to the tracks in front of an oncoming train. surveillance video shows the suspect running away afterwards. name of the woman in custody is being withheld pending formal charges. >> arthel: is military facing a new threat? mandatory spending cuts putting pressure on the p
putin signed is reportedly in retailation for a new law in the u.s. that calls for sanctions against russian officials for human rights abuses. it takes effect january 1st and it also blocks dozens of children already in the process of being adopted by americans from leaving russia. >>> still ahead at 7:00, a closer look at the fiscal cliff fight and what it would take to get a deal done. >> plus, moving on out, after pounding the nation for days, a monster winter storm is finally losing its steam. we're going to take a look at the damage and travel delays it left behind. >> first, here's dave. >> sarah, the biggest game in decades is almost upon us. just two days away from the redskins and cowboys to decide the nc east crown. >> thank you, dave. hello. as we head to the break, live look outside. we're going to get the latest weather and traffic from tucker and jeff coming up next. it's 7:10. we'll be right back. ♪ ,h [ male announcer ] there are plenty of reasons to be jolly at the chevy year-end event because chevy's giving more. more efficiency with sonic and cruze... more f
lost 10-points. >> the u.s. government's venture into the car business is slowly coming to an end. the treasury department says it will sell its remaining 500 million shares of general motors in the next year or so. that will mark the end of a $50 billion bailout that saved the company while touching off a debate about government intervention in private business. it's all part of its effort to wind down its investments in the troubled asset relief program. >>jacqueline: @ temperatures already quite chilly this eve. taking a look outside 40's through half moon bay and vallejo. and 40's and fairfield is going to be a cold night. 30's for the most part. 20's and in santa rosa. 36 in half moon bay. 33 degrees and san jose. but this would take a look of the satellite and writer changes with friday, clear skies. clouds to the north. associated with this system that is to the north. that hail and is tracking to the west. the tail end-with sub- tropical marche.heavy rainfall, with in some tropical -- moisture. from that tail and toured with the rainfall staying mainly to the north. it is
. >> 6:22 eastern. quick headlines overnight. president obama sending 50 u.s. troops into africa and tasked with helping evacuate u.s. citizens from the advancement to the capital. the senate faces an uphill battle in the republican-controlled house and pushing to cut the bill down to 24 billion. they say it's loaded with unnecessary amendments, guys. >> juliet: thanks, dave. >> clayton: well, as we get ready to cash out of 2013, the biggest celebrity meltdowns. >> juliet: and joining us is a behavior expert. >> good morning, juliet. >> juliet: let's start with this one. she was on the the show and lovely, but i don't know what's happened to her. she kind of just, i don't know. >> clayton: what's happened to her, patrick? >> well, she-- i'm not attracted to alcohol and pub scenes, but arrested for dui, arrested for leaving the scene of two separate accidents and what does she do? in an act of narcissism and entitlement she tweets that the united states president should fire the arresting officer as if she's saying to the u.s. president, you're my daddy, rescue me. >> juliet: in a
, it is not a philanthropic act on the pentagon's part to instruct boeing to build. -- to build in the deficit areas of the u.s. it is pragmatic. the united states federal government -- unless europe is dollarized, unless they do not have dollars to spend purchasing -- unless those who do not have dollars are given dollars to spend purchasing, the net exports of those who have surpluses, then they will stop having surplus. this is the surplus recycling mechanism. thus, we have the 20 years of the golden age. the 1950's and the 1960's. a period of immense stability very low inflation. very low unemployment. universal growth. we had other problems. the lease from the macroeconomic point of view, it was a golden age. why did it end? because the global surplus of recycling mechanism could no longer be sustained. why? because the united states stopped having a surplus by the end of the 1960's. how can you recycle surplus if you cannot have it. -- if you do not have it? enter a young turk in 1971. actually, he was the american, but you know what i mean. well, paul volcker -- that name may ring a bell. in 1971, paul
back to mortga"morn joe." there are new developments involving the attack on the u.s. consulate in benghazi. it places most of the blame on the state department for providing extra security. they conclude a systemic management failure at the state department resulted in grossly inadequate security at the consulate where four americans were killed that night. the report says the u.s. relied on poorly skilled local militia members to safeguard the facility, and investigators found no evidence it was sparked by protests to an anti-muslim video. >> no evidence of that, and that's what, of course, the white house and the press led with after this happened. >> this is from an independent panel. >> unbelievable. gross negligence, willie, against hillary clinton's state democrat department. >> the report found no cause for disciplinary action. they made 29 recommendations to improve embassy security. secretary of state hillary clinton reportedly has accepted all of them. >> can i ask you, when is the hearing? >> thursday. >> what is she going to say at the hearing. >> she's not going to
used to stimulate the brain is offering good hope to the first few surgeries in the u.s. >> we are extremely excited about the surgery, what we hope is we can improve the patient's function for an extended period of time much longer than otherwise they would have. >> reporter: experimental medications have failed to significantly slowed the debilitating disease which affects 5.4 million americans and expected to jump to 16 million by 2050. but dr. anderson says the surgery has been extremely effective in canada where it has been performed six times on patients such as this man with early alzheimers. >> if i can't remember something, if i just pause for one, two, three, seconds. it pops in. >> reporter: here is how it works, the pacemaker surgically implanted in the chest, wires are run under the skin to the skull, then deep into the brain, to deliver an electrical a rat electrical impulses a second. >> what's exciting is our understanding of how memory works fits well with how the surgery may work. >> reporter: the device is used to fight parkinson's disease. >> although the l
you feel the need for speed ? that is forevermore wwe wrestler. u.s. navy let him take a ride in the fighter jet for the annual tribute for the troops. how fast did he g. he went 900 miles per hour. don't worry. they made him go through training. i wonder if he had the barf bad. >> brian: it is impossible to go through and not throw up ? >> steve: it happens a lompt -- lot. >> brian: if you had taken a flight that fast. >> steve: in a airplane. 11 minutes after the hour. he faced down iraqi insurgents but the treatment in prisons had the family terrified. >> gretchen: no christmas concert, kids. how about an anti-bullying speech, instead that story. i don't know. ♪ ♪ years ago, my doctor told me to take a centrum silver multivitamin every day. i told him, sure. can't hurt, right? then i heard this news about a multivitamin study looking at long-term health benefits for men over 50. the one they used in that study... centrum silver. that's what i take. my doctor! he knows his stuff. [ male announcer ] centrum. the most recommended. most preferred. most studied. centrum, alw
targeting a u.s. military base in afghanistan. we'll have the latest. a live report. this is how mommy learned... ...and now... you! [ giggles ] ♪ the one and only, cheerios smoke? nah, i'm good. ♪ [ male announcer ] every time you say no to a cigarette, you celebrate a little win. nicoderm cq, the patch with time release smart control technology that acts fast and helps control cravings all day long. ♪ quit one day at a time with nicoderm cq. you have a plan? first we're gonna check our bags for free, thanks to our explorer card. then, the united club. my motr was so wrong about you. next, we get priory boarding on our flight i booked with miles. all because of the card. and me. okay, what's the plan? plan? mm-hmm. we're on vacation. there is no plan. really? [ male announcer ] the united mileageplus explorer card. the mileage card with speci perks on united. get it and you're in. gregg: an extreme weather alert. a massive winter storm moving north, setting up, well, a huge holiday travel nightmare. 600 flights canceled yesterday. some 5,000 delayed and nearly another 600 impact
proposes a series of extraordinary measures to postpone the date that the u.s. would otherwise default on its legal obligations. geithner estimates his plan would free up about $200 billion, providing roughly two months of wiggle room. >>> well, last night on "the rachel maddow show," guest host ezra klein asked former clinton budget director alice rivlin on where we could see the fallout from the fiscal cliff. >> the real uncertainty i think is what the markets will look isn't in control of its own destiny because we're acting that way right now. now, if you're an investor, whether you're in some part of the united states or you're in some other part of the world, do you really want to buy american securities? do you want to invest in a country whose government isn't functioning? i don't think so. so, we could get a big market reaction, a drop in the stock market, and that might scare people. >> "the rachel maddow show" week nights at 9:00 eastern right here on msnbc, the place for politics. >>> home prices on the rise, syria's head of preventing defections decides to defect. your he
maker based in the u.s. the company received $133 million in federal stimulus grngrnt grants before going under. republicans called the case a textbook example of wasted stimulus money. >>> "usa today," controversy surrounding the korean pop sensation psy. he performed last night at the christmas in washington concert with the president and his family in attendance. he has that dance, you know? >> you know, everybody, like, sends me videos of them doing this. i have no idea what it is. >> "gangnam style." >> is that how you say it? >> yeah. >> oh, you know what? i prefer to be out of it on this one. >> so this was just days after video surfaced of him using inflammatory anti-american language and leading anti-u.s. protests at a concert in 2004 amid the heat of the iraq war. the song, which is a cover called for killing, quote, yankees. on friday psy issued an apology saying he understands american servicemen's sacrifices and regrets using the inflammatory language. >> it was really harsh language that he used, but you know what? a lot of people said a lot of stupid things again. i w
five." how will the presidents tackle the numerous big issues facing the u.s.? and how will that shape his legacy? douglas brinkley is next with the perspective. >> do i wish that things were more orderly in washington and rational and people... listened to the best arguments and compromised and operated in a more thoughtful and organized fashion? absolutely. but when you look at history, that's been the exception, rather than the norm. when you have diabetes... your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. smoke? nah, i'm good. ♪ [ male announcer ] every time you say no to a cigarette, you celebrate a little win. nicoderm cq, the patch with time release smart control technology that acts fast and helps control cravings all day long. ♪ quit one day at a time with nicoderm cq. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor.
serving senator in u.s. history, democrat senator inouye died from respiratory complications. president obama praised him calling inoue a true american hero. his staff says his final word was aloha. he was 88 years old. a great, as the president said, great american hero. the charleston post, south carolina governor, nikki haley, selects republican tim scott to replace out-going jim demint. the tea party will be switching and will become the first african-american senator ever from south carolina. >> "boston globe," taking new steps to speed up your check-in this holiday season. the elderly members of the military and other travelers deemed low risk will now be able to keep their shoes, jackets and belts on. the tsa has also expanded its pre-check trusted traveler program to 35 airports. >> those trusted travelers, t.j. >> and a look with "politico" playbook, jim vandyheim. >> there was some movement on the fiscal cliff talks. >> yes. i would say substantial movement where you can see the contours of a deal that can get done potentially pretty quick where the president is willing to say
this year the president singled out that threat posed by chemical weapons as a cause for greater u.s. involvement. now secretary clinton giving this warning. where do you see this headed? >> this is a very overt declaration by the secretary. it's been estimated it would take about 75,000 troops to secure these chemical weapon sites if they are used. syria has never acknowledged having them but acknowledged that when responding said they would not use them. so that issue is becoming very concerning as wellington as along the border of turkey, multiple infractions along that border. today vladimir putin is meeting with the turkish prime minister to talk about the situation. it's entering into a phase of deeper concern as the rebels don't make advances and capture territory and gain more international legitimacy. >> will the u.s. get into the public business ever supplying we fons the syrian rebels? >> right now that does not seem to be the case. others are, qatar and others in the region are supplying man portable air defense systems, shooting down planes as a result and helicopters of
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, what goes on here? what goes on? >> yeah. well, they can actually find out where the u.s. government is hiding. so that's not -- they can't all be in dick cheney's secret location. they can shut pieces of it down, but it's not really sustainable, obviously. it will increase the pressure in the sense of crisis. that's going to lead to more turmoil in the markets. so it's not a reassuring thing for your creditors if you either hide or you're shuffling money around. but it does apply increased pressure in washington. you know, this is where the white house wanted the negotiations in a way. i'm not saying that you can cook up a debt crisis or anyone would want to, but the president and his negotiators wanted both of these things to be done together, not to have tax cuts and all the horse trading around that now. and then in a few months' time have to go through the whole thing but on less favorable ground for the white house at least than talk about the debt ceiling. it's much better that it's one negotiation, it's one round of massive uncertainty if there's anything good that comes out
the flights all over the u.s. are cancelled . logan international airport in boston is affected. that is where wfxt is there. how is it looking this morning? it looks like a ghost town at this hour. it is it still pretty early . we have a lot of people waiting to go to warmer destinations. there are a are handful of flights that are come going and those were cancel would and also flights that are coming in from columbus cancelled as well the wiptir storm is wreaking havoc . they're cancelled or delayed. it dumped snow in parts of texas and oklahoma . now there is it a blizzard warning in affect . that is pushing through pennsylvania and new york and coming to new england and the big problem will be tomorrow and thursday and we'll experience heavy wind and rain . here in logan airport is not a huge problem for us . we are not experiencing precipitation. it is it flights going to or coming from places that are affected. that is it a problem, too. live in logan. now a major u.s. military base coming under attack in afghanistan. that is in pakistan . nato said the homicide bomber did not make it i
issues and international issues. i do not apply those values just to u.s. citizens but to apply the same desires for fairness and justice with regard to our foreign policy, u.s. foreign- policy. i do find that my religious upbringing does -- is interwoven in however prison as. host: rich from tennessee. independent caller. caller: merry christmas, greta. host: good morning, merry christmas. caller: i echo the last caller. i would say my politics changed from republican to it independent. i voted the constitution party the last presidential election. but i found that most people who are serious voters do consider moral beliefs, our laws are based on morality. whether the source is a religion or their own sense of morality which they probably borrowed from other religions, how can you not consider morality and believes when you are voting? otherwise, you are simply pushing a lever based upon whims. to me it is a natural thing to consider religion and believes when -- beliefs when you are considering issues. whether the economy, health care, anything else. it is informed by what you have be
. >> reflect on what you can do to make a difference. >>> in "the washington times," the u.s. on alert after the release of "zero dark thirty." the film depicts interrogation tactics including waterboarding. a senior defense official tells "the times," the u.s. doesn't expect violent protests like after the "innocence of muslims" film. but they're always on alert. >> for a look at all the top stories, head to our blog, cnn.com/earlystart. you can also follow us on facebook and twitter. we'll be right back. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. >>> so you're looking at new york city right now where the weather is not
. a u.s. official confirms within the last day, the assad regime has launched lots of scud missiles at rebel areas in the territory. russian president putin, a top assad ally, acknowledged, this is important, that it is time for change in syria. >>> back here at home, it is one week since tragedy struck newtown, connecticut. a moment of silence will be observed beginning at 9:30 eastern time to remember those who died. then bells will ring 26 times to mark the lives of 20 children and 6 adults who were killed. president obama will also mark the moment at the white house. >>> in related news, the national rifle association's long awaited announcement following the connecticut tragedy is set for later this morning. the group promises what it called meaningful contributions to make sure what happened in newtown does not happen again. the nra has returned to social media, cautiously posting on twitter and reinstating its account on facebook. i think what you may see at this news conference today, depending on how they choose their words, and you imagine they're going to do it carefully,
mother and brother used to live here and they moved to a place called the safest town in the u.s. residents held a small church service in memory of the english school boy who used to live here. >> heavenly father we pray for the soul of dylan hockley, a young life taken away an innocent 6-year-old who we know will be welcome into your heavenly kingdom. >> reporter: dylan was one of 20 children killed in his classroom in connecticut. >> a u.s. community has been ripped apart and a nation left shattered. after a gunman opened fire. >> reporter: the news of so many innocent children shot dead still came as a shock to a world that has become used to hearing stories about mass shootings in the u.s. in britain, longtime conservative rupert murdoch's "sun" newspaper simply said end the lunacy and tighten gun control. world leaders offered messages of support and condolences from around the world. >> i was deeply saddened by friday's senseless violence in newtown, connecticut. >> president obama, the family the people of america, the people of israel grieve wit
intracompany system works. as i understand it 92% of all sales outside the u.s.a. are built in ireland. is that right? >> i'm not sure if it was 92% but the vast majority will be built in google in ireland. >> you actually have been making a profit. >> we are making a profit and we're paying taxes. >> in the u.k. >> well, a real profit rather than just avoiding this. >> i have to say we are paying the taxes and not avoiding taxes. >> you are avoiding taxes. >> i think you are avoiding. my question is would you leave? and if you left if you had to pay a higher way to tax on the decent profit, where would you go? >> i think the issue of you understanding here it is about -- if google was a british business -- if google would have been founded in cambridge it would be different because the technology founded where it happened. british is a u.s. business. the activity that happens in the u.k. even if you have to describe it as sales activity which is not exactly what the people do, we can still go and get that activity from the open market at the kind of cost that we're paying the u.k. >>
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